Presumably the article in question: http://www.thaivisa....-share-capital/

It sort of hurts to know that I'm only liked - even tolerated - for my money. (But then, in my case, that's been generally the case for a while.)

Quote: "But still the factor is not if it's foreign-owned or not, that's just rubbish..."

Winnie, I don't suppose you risk your own money running a business here. On top of that, you said reporting a wage of B60,000 a month and paying tax on it not that much? Sure, you may be getting paid more on your expat package, but not everybody is like you.

Big foreign companies sure have no problems but for small foreign companies it's a different story!

I set up a company for my friend from abroad in around 1990 with a 2M registered capital. My friend from abroad came to visit and visited the law firm that I handed them the task to register the company. Before I knew it, they billed me more than B80,000 for consultation fees - charged by the hour. Doing it through a Thai company would have cost me less than B10,000 but then my foreign friend wanted to do the right way like in a Western country. Rubbish, you say? Please give credit to some foreigners who've been doing business here and risking their own money for a long time but feel broken-hearted at times!